Exhibit 12.1
Volcano Corporation
Computation of Earnings to Fixed Charges Ratio
(Unaudited—in thousands)
Years Ended December 31, | ||||||||||||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | ||||||||||||||||
Net loss | ||||||||||||||||||||
Loss before provision for income taxes | $ | (13,085 | ) | $ | (26,052 | ) | $ | (8,305 | ) | $ | (15,191 | ) | $ | (16,154 | ) | |||||
Fixed charges | 758 | 668 | 4,356 | 5,586 | 5,061 | |||||||||||||||
Total | $ | (12,327 | ) | $ | (25,908 | ) | $ | (3,949 | ) | $ | (9,605 | ) | $ | (11,093 | ) | |||||
Fixed Charges | ||||||||||||||||||||
Interest expense on indebtedness and amortization of deferred financing costs | $ | 113 | $ | 199 | $ | 4,013 | $ | 5,311 | $ | 4,784 | ||||||||||
Interest component of rentals (1) | 645 | 469 | 343 | 275 | 277 | |||||||||||||||
Total | $ | 758 | $ | 668 | $ | 4,356 | $ | 5,586 | $ | 5,061 | ||||||||||
Deficiency of earnings available to cover fixed charges | $ | (13,085 | ) | $ | (26,576 | ) | $ | (8,305 | ) | $ | (15,191 | ) | $ | (16,154 | ) | |||||
(1) | Represents the estimated portion of operating lease rental expense that is considered by us to be representative of interest and amortization of discount related to indebtedness. |